Gold dips, but bulls remain

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Gold prices have been sliding recently, but the strength of the bulls remains significant. Concerns about a US recession, aggressive Fed rate cut expectations, as well as tensions in the Middle East and uncertainties surrounding the US election continue to support gold. However, the unwinding of yen carry trades and market unease are posing short-term challenges for gold prices.
Next week’s core CPI, retail sales data, and the Jackson Hole symposium at the end of the month may have a major impact on gold's trajectory. Will these risk events drive gold to new highs, or will they heighten the preference for cash and lead to further declines in gold?
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